Tag Archives: ICIJ

We are the tools

Yes, we are, you, me, we all are and the evidence is all out there. So let’s start with the global comic relieve that we call the ICIJ (International Consortium of Investigative Journalists). We all see the headlines, global headlines and 600 secretaries (they call themselves journalists) are out there giving us what we think are the goods. To phrase an example we take a look at the Sydney Morning Herald (at https://www.smh.com.au/business/the-economy/australia-has-become-a-go-to-destination-for-dirty-money-leaks-reveal-nation-s-tax-weaknesses-20211007-p58y2i.html) it is a mere example what is going on out there. A collection of people no one head about, no one cared about. A collection of tits and dicks all striking their own ego, their own needs and the audience is gobbling it up. So when we are given phrases like “ALP senator Deborah O’Neill has launched an inquiry into Australia’s AML-CTF regime and is seeking industry feedback on the costs and benefits of broadening our laws to include accountants and lawyers to bring Australian laws into line with international standards to prevent financial crime” Yet here is the problem. It is ‘prevent financial crime’, in this that we also see from other sources “the line between tax avoidance and tax evasion has become so blurred we need to act against both” and there is the real problem, a stage I told people for well over a decade. Tax laws need overhaul on a global stage. And the setting too often is that there were no laws broken, these people might act against the spirit of the law, but they NEVER broke the law. And that is the stage, 600 typing tutors cannot give us the goods, because as I speculate, the real goods were never there. Yet someone in the ICIJ decided not to investigate the origins. Interesting not? So whilst we focus on “Avoidance meant arranging your affairs so tax wasn’t due”, whilst we consider that politicians have given the wealthy and rich a little too much leeway these politicians are now hiding under rocks and they do not want the limelight. And whilst some are considering “It isn’t illegal for the celebrity or a politician to move their money (so long as it is theirs to begin with). Assets within the trust are subject to local tax laws (sometimes zero tax) and local secrecy laws (sometimes complete secrecy)”, they will get the idea that places like Monaco, Cayman Islands and Dubai have appeal to many people with a piggy bank that holds an 8-figure number or more. So when we see all these papers give us “the documents were linked to more than 330 politicians and public officials, including 35 current and former national leaders, in more than 91 countries and territories”, as well as mentions of billionaires and no one gave us a clear top-line setting, I saw one, just one in a stage with dozens of papers and on less than 50% of the politicians involved. Yet none in the US, none in Canada, none in Australia or New Zealand, it is optionally possible, but 50% of that rundown was missing. And 600 secretaries had no time to look into it? As papers keep on handing us “a two-year effort to sift through 11.9 million confidential files leaked to it, aided in that effort by more than 600 journalists from 150 media outlets.” No one had the idea to give us a tally, a top-line? So far how many give us a list of ACTUAL criminal events? Tax Avoidance is not illegal, owning and residing in a zero tax nation is not illegal, so what is this about?

Now consider another station I made mention on. Consider the names Jacob A. Frenkel, Tharman Shanmugaratnam, Guillermo Ortiz, Jean-Claude Trichet, Geoffrey Bell, Roger W. Ferguson, Jr., Arminio Fraga, Kenneth Rogoff, Janet Yellen, Zhou Xiaochuan, Domingo Cavallo, Mario Draghi, Yi Gang, Carmen Reinhart, Maria Ramos, Klaas Knot, Philipp Hildebrand and Kenneth Rogoff. All part of the G30 bankers list, no mention at all? These people move trillions, there is no way that there is no mention of them in any way, but the press seemingly avoided that small part, or the source data was stricken of them, making this an exercise of some sorts and no one caught on? How come?

And this is not in you, that is on the members of the media (including those who think that they are journalists, or got the degree and faked their way through life). 

A simple setting of bankrupt nations painting the wealthy as the criminals, all whilst the politicians were a lot more to blame in all of this, 2 decades of ignored overhauls and no one catches on? 

The sanctimonious BS that the media is feeding us sickens me, it really does.

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A waste of space

Yes, some people are that, I believe that the tool ICIJ director Gerard Ryle is such a person (he will clim it is me). Yet how did I get there? That is important too. Those who read the previous articles will remember that I stated that a top-line display would give us the parts we initially needed. But no, after all this time, with 600 journalists at his back, Ryle never walked the walk. However I see ABC, the Guardian, BBC and others all do the motion of jabs, to create flames, to create click bitches. In a dying light they want to grab any digital dollar they can. Even the useless leader of the Democratic Party (President Joe Biden) via his administration gives us today “The Biden administration said it would “crack down on the unfair schemes that give big corporations a leg up” in the wake of the Pandora disclosures.” It is a pointless exercise in a waste of time, it is merely the prequel to something much worse.

You see the top-line would give us a better look at the “130 billionaires from 45 countries, including 46 Russian oligarchs. Bollywood actors, soccer stars, corrupt sports officials, a king’s lover, feuding princesses, movie directors and stars, supermodels, acclaimed designers and world-famous singers, 330 politicians and high-level public officials in more than 90 countries and territories, including 35 current and former country leaders” and this is linked to the even less useful quote “By some estimates 10 per cent of the world’s total economic output is parked in offshore financial centres, costing governments billions of dollars in lost revenue” 

Why is this?
The top-line would give us where the impact is. The 130 billionaires? You see there are 165 in Dubai and they are in the 0% bracket. I stated the dangers two days ago. Then from all these numbers, how many are in which nation, ho many are governmental versus non-governmental. When we see those numbers, we will likely see a created a storm in a teacup. 

And this is linked to the first setting proving that Gerard Ryle is a useless and optionally corrupt tool. “The source of the documents hasn’t been revealed to media partners but made it clear to the ICIJ he wanted the public to see where dirty money is really flowing. Ryle says the source had two conditions for leaking the documents. “First of all the source wanted anonymity. I presume for safety reasons,” he says.” Presume my ass! When we investigate the sources we see that some have well above decent protection, in my view there are only two players involved here, the CIA and the NSA. Both Russian and Chinese investigations would stopping their local laundry, as such there would be nothing on oligarchs outside of Russia. 

I believe this all to be a well managed (speculative) ruse. When it all comes out, we will get a flame of ‘tax the rich’ and that is what that useless democratic leader needs, his land is BANKRUPT and when the default hits grabbing (not taxing) whatever the American billionaires have is on the short list, reparations come later and if it all goes to shit the politicians will run for cover in any nation that will put up with them (Australia and UK). 

And when you truly read the articles you will see statements like “the documents reportedly tied prime minister Andrej Babis to a $22 million estate near Cannes, France. Speaking in a television debate, Babis, who was a billionaire before he entered politics, denied any wrongdoing.” 600 journalists and not one has added evidence of wrongdoing, merely a billionaire doing what he is allowed to do, buy a house in the south of France and France is not even a 0% tax land, so where are the incriminating papers? 

All the flames I see are about people no one cares about (the King of Jordan), yes Jordanians care about him and that is OK, people in the UK less so. And the truckloads of articles are just that small jabs to keep the readers angry, but no one is taking too much notice of “ICIJ director Gerard Ryle says the Pandora Papers reveal that some international leaders who could tackle offshore tax avoidance have themselves secretly moved money and assets beyond the reach of tax and law enforcement authorities as their citizens struggle” as such I reply “Gerard you fuck, why did the press not do enough over 30 years to make politicians tackle tax laws?” And in HIS statement we see ‘could’ and ‘secret’, but if a person buys a house in Monaco or Dubai they can have money there, it would be legal and it would be tax exempt. You (as I personally see it intentionally) overlooked that part, there is also the Caymans and a few other places, but it does not match the need of the governmental hacker who got into 14 systems, 5 of them had good security, and you could have seen that from day one, but you need click bitches, you need digital revenue and you need to make sure you are not obsolete. So where is that part of the equation?

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A disregarded shelter setting

The Guardian was at it again and they are not doing anything wrong (at least I think they aren’t) but the stage created is calling for a nice stage and it is getting close to immediate that we take a hard look at the meaning of hypocrisy. 

The article ‘Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful’ (at https://www.theguardian.com/news/2021/oct/03/pandora-papers-biggest-ever-leak-of-offshore-data-exposes-financial-secrets-of-rich-and-powerful) gives us a few items and before you think we are digging into the air, lets take a look at a few essential parts. It starts with “companies hired by wealthy clients to create offshore structures and trusts in tax havens such as Panama, Dubai, Monaco, Switzerland and the Cayman Islands” first, this is not an illegal act, then we need to look at Monaco and Dubai. Monaco gives us over two sources “You can apply for a Carte de Residence once you have an address in Monaco (either bought or rented a property for a minimum of a year). You must also agree to live there for more than three months of the year. Resident individuals are not subject to personal income tax in the Principality of Monaco”, now this is not the easiest setting as decent apartments tend to start at €3,000,000 going up to €387,000,000. As such I wish you good luck finding something you like. In Dubai we see “There is currently no personal income tax in the United Arab Emirates. As such, there are no individual tax registration or reporting obligations.” These are called tax havens and they are perfectly legal. It is the way THAT nation operates and it works for them, so when we see the Guardian give us “But the secrecy offered by tax havens has at times proven attractive to tax evaders, fraudsters and money launderers, some of whom are exposed in the files”, which is a debatable setting. You see someone who takes effort in buying an apartment in Monaco or Dubai, or most of these places is not a tax evader, that person is involved with tax avoidance and it is not the same. Black letter lawyers found a setting where the rules work FOR their clients and they are allowed to do this. Yet the Guardian inserts ‘tax evader’ whilst knowingly adding “some of whom are exposed in the files”, some implying not all and some is seemingly inserted hoping that the people are flamed to the list of “more than 100 billionaires, 30 world leaders and 300 public officials” hoping that they are all painted by the flamed audience. And in light of this, did anyone take a long hard look at “the cache includes 11.9m files from companies hired by” what is not looked at is the source of that information and how that source got the information. A setting not dissimilar from my article ‘The same gramophone’ on September 16th (at https://lawlordtobe.com/2021/09/16/the-same-gramophone/) regarding Pegasus and in light of evidence given (lack thereof) to the people by the Washington Post an interesting repetition of flames lacking evidence. The article on tax issues does not once, NOT ONCE mention tax avoidance, or give the setting of tax evasion versus tax avoidance. One is illegal the other is not. In this the text “They also shine a light on the secret finances of more than 300 other public officials such as government ministers, judges, mayors and military generals in more than 90 countries” could be seen as “They also shine a light on the private finances of more than 300 other public officials such as government ministers, judges, mayors and military generals in more than 90 countries”, yet they chose to not use the word Private did they? Private and non evidence could be seen as intrusive and harassing, the media really does not like it when their actions are seen in that way. 

My view?
You see if there was clear ‘tax evasion’ we would be getting this, instead of “leaked data with select media partners including the Guardian, BBC Panorama, Le Monde and the Washington Post. More than 600 journalists have sifted through the files as part of a massive global investigation”, so are they incompetent or is there too little remaining? The price of 600 journalists cannot be cheap so the more they flame, the more they ‘earn’ back, but that part is not really given is it? There is no top-line, a flaw we have seen more than once before. If it was clear 300 people can be shown in a top-line like Nation, government, non government easily enough. That would take an hour, perhaps two, but we do not get to see that, do we? We also get all kinds of embossed examples, with the added text “This is the Panama papers on steroids, it’s broader, richer and has more detail”, my view would be, then give it Ryle you dumb fuck! Do not posture, present facts! The top-line, the setting of tax evasion versus tax avoidance and a few other facts, including the source of the data, but we do not get any of that, do we?

I see it as a mere approach to the upcoming US debt ceiling and someone flaming that if ‘they’ had paid their taxes, there would not be an issue. Well, my view “Well, you stupid fucks, if you had clearly focussed on the tax laws that needed an overhaul for THREE DECADES we might not be in this mess either!” So whilst we are given “The files include disclosures about major donors to the Conservative party, raising difficult questions for Boris Johnson as his party meets for its annual conference”, an anti-tory smear setting. No matter who donates and to what party, if these people are not proven criminals, there would be no issue and I wonder how far these 600 journalists got. So when we consider “Many use shell companies to hold luxury items such as property and yachts, as well as incognito bank accounts” we need to see whether laws were broken and let’s be clear, they stated that these are people in over 90 countries. So which have laws against these acts and if they have an address in Monaco or Dubai, are any laws broken? This took me 5 minutes and we see a lack of a lot in one article seemingly the source of 600 journalists. 

I personally see only one option for a person like Gerard Ryle. Either give us that top-line clearly or become an Uber driver. As I personally see it, someone posturing absent of evidence should be somewhere else, not be some director of the International Consortium of Investigative Journalists, but that is merely my call on the matter we see here now.

Oh, and before I forget the meaning of Hypocrisy is “the practice of claiming to have higher standards or more noble beliefs than is the case”, a setting too many journalists fall into lately.

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In anticipation of

Yesterday’s news is glowing like only Plutonium can, it touches, it infects and it spreads. The Panama papers are a hot item, radioactive hot. The only place I skip on judging is Iceland. It was the only European nation that achieved a near utopian standard of living, so the impact from the collapse in 2008 will still enrage its population for a very long time to come. If you doubt this than take a look at Oscar winning movie ‘Inside Job’, the one movie that is the biggest eye opener on economies in the history of documentaries. On the other side we get the biggest joke in UK politics, namely Jeremy Corbyn. His quotes on ‘how only Labour will protect Britain’s families’. Perhaps Mr Corbyn will take a look at his party’s history. How Labour in the age of 1997-2010 achieved absolutely NOTHING in changing the wheel of tax havens. So when Jeremy is voicing his thoughts, he should take a long hard look in the mirror. Any defence or deflection is pointless and absent of values. Both sides have not done their job in stopping tax shelters.

Most important is that no laws seem to have been broken. Yes, we now see that there are a few issues, yet when we see the Guardian (at http://www.theguardian.com/news/2016/apr/03/mossack-fonsecas-response-to-the-panama-papers), we see: “Finally, the instances you cite in your reporting represent a fraction – less than 1% – of the approximately 300,000 companies that Mossack Fonseca has incorporated in its over 40 years in operation“, that is the actual case in all this. A system that is allegedly 99% correct and above levels, is now under scrutiny, through no less than criminal acts. Now the weirdest case in statistical history. We are looking at 300,000 cases. In the dataset that is well over 2.5 terabyte we see a fact evolving that is now soon becoming an interesting side.

Here begins a level of speculation that you must comprehend, there is little evidence, only suspicions. I hereby warn the reader to not take what follows as given!

One source (fusion) is giving us: “So far, the International Consortium of Investigative Journalists (ICIJ) has only been able to identify 211 people with U.S. addresses who own companies in the data (not all of whom we’ve been able to investigate yet). We don’t know if those 211 people are necessarily U.S. citizens

Metro gave us this quote: “But weirdly, considering it’s the world’s largest economy, there was nobody from the USA. Is that because America is a beacon of transparent business dealings?“, the second quote is “Stefan Plöchinger, digital editor of German newspaper Süddeutsche Zeitung which obtained the leaks, shot out this teaser earlier today, saying: ‘Wait. Just look at what’s coming…’” (at http://metro.co.uk/2016/04/04/why-are-there-no-us-people-in-the-panama-papers-5794114).

One side states that more is coming, yet even under these properties even the term ‘there is more to come‘ becomes a highly suspicious consideration.

Now we get to the speculative side. You see, yesterday I made mention on the Libor scandal, yet I did not mention the part I speculated on initially (on April 1st 2013), in an article titled ‘60% confiscated and counting in Cyprus!‘ (at https://lawlordtobe.com/2013/04/01/60-confiscated-and-counting-in-cyprus/), at that time I wrote: “On 30th November 2010 Jullian Assange revealed that the next target of his whistle-blowing website will be a major U.S. bank. The same date a red notice was issued by Interpol. It was around that time that the hunt for Assange intensified by a lot. Perhaps the one bank was just the beginning? If we look back at the issues we know now, then there is a chance that someone made mention of the LIBOR percentage tweaking issue. If this is what frightens the US, then consider the consequences of a system like LIBOR being manipulated through the total value of trade. If that would have been off by 11.2%. Out of $1000T (UK and USA combined) then that difference would be $112T.

I would love to get 1% finder fee of that! It would make me the FIRST Trillionaire in history (not bad for a person only dreaming to be a Law Lord someday)

It was my speculation that Libor was not limited to the UK. It was my speculation that the US, as it was in such deep debt, that it started to manipulate the total value of trade, creating an 11.2 trillion dollar buffer. Here the danger for them was that the UK could illuminate that and that would have made the US option impossible and it would go bankrupt overnight (I still want that finder’s fee!). It was a speculation, yet founded on some data I saw, the data implies (cannot confirm or prove this), that packages were reset so that they would not falter, even though collapsed mortgages were added to them. See it as a leave one extra in. A repackaged deal where 70% had not yet collapsed sold at bargain price.

So how does this connect to the Panama papers?

Ask yourself a simple question, a firm like Mossack Fonesca would have extensive protection, firewalls and other shapes of protection. When you represent 300,000 firms worth trillions, only an idiot would rely on a laptop running on Windows 98 (a mere exaggeration). These people are not idiots, they are a lot brighter than I ever could be. This now raises the question how that much data got out. This raises the question, is this truly just about tax havens, or is this about a clear message from the US. The message is ‘Do not leave the EU, or else!‘ a message aimed at the UK and at France. Germany is willing to give aid, because for the most Germany does not want anyone to leave the EU. I personally see this step as a desperate act form large players who would not accept any responsibility from acts of immense stupidity. A path that evolved clearly due to inaction regarding Greece.

The fact that US people are not (yet) mentioned is because the US needs its wealthy with extreme desperate shortages. A nation (the USA), who is at present perhaps so close to bankruptcy that it will take desperate acts. So is the USA behind the hack on Mossack Fonesca? There will never be any clear evidence on that. There is no way to prove this one way or another, this is all clear speculation from my side.

Yet, is this so far-fetched? I personally do not think so, especially when we consider the timing. So as the UK tax havens might undergo slimming down, we could suddenly see another batch of US deregulations set for the creation of taxation, wealth building and retrenching. So will this happen? Is my speculation way too wild? I am not certain, you see, even I question myself. I would have had a lot less faith in all this if we would have seen the ‘revelation’ of Americans. That absence is what fuels certain paths of speculation. When we consider the amount of bonuses that many bankers in the US legally got away with gives weight to all this, in a group of 300K people and this group 0.01% currently American is too low and too unbelievable at present. There is of course all the chance that those names have been held back, time will tell!

So beyond the speculation we see the facts, because the facts matter. And the press is massively ignoring the impact that Brexit has, not just on the EU and their Euro, but it is the value of the US Dollar that is equally hit when that currency gets hit with the impact the Euro would expected to receive. President Obama’s nightmare has officially begun, because the impact is likely to impact the US dollar before he stops being an elected official. So tactically there is not the question of Mossack Fonseca and the tax shelters/havens. A tactical question that Bloomberg answered on January 27th 2016 (at http://www.bloomberg.com/news/articles/2016-01-27/the-world-s-favorite-new-tax-haven-is-the-united-states) where we see ‘Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business‘, it is followed with the quote “It is now moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, subject to the new international disclosure requirements, and into Rothschild-run trusts in Nevada, which are exempt“, so ask yourself the following question: ‘Are the Panama papers with the details from Mossack Fonseca a mere hack, or is this a coup d’état by big players like Rothschild moving money into the US, forcing the wealth and the powerful in Europe to face the danger that Brexit will soon impact their money and that must not be allowed’.

This last tactic is again speculation, but it is a tactical one, and it is supported by some facts. In that regard this tactic is old, hundreds of years old, because it was Niccolo Machiavelli who stated: “Never attempt to win by force what can be won by deception

I wonder what ‘revelations’ the Panama papers will bring, more important the parts the press will trivialise into the trashcan?

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